I notice a bearish divergence between the price chart and RSI of SIEMENS. The stocks still seems to be outperforming the benchmark index NIFTY. Possible downside of 50 - 80 pts. (Wait for a doji indecision candle to enter) Would love to near your option too.
Sell Price above 1122 Stop 1153.80 Target 1043.15 Just for Educational Purposes not a recommendation/suggestion Maybe try Paper trade
NSE:HINDALCO formed Negative RSI Divergence and Bearish Marubozu on Higher high with RSI creating Lower High on Daily TF. Entry : 484.50 Target : 464/448 SL : 510 RR : 0.8/1.4 (2nd target for better Risk Reward Ratio)
NSE:MARUTI formed Shooting Star and -ve RSI Divergence in Daily Timeframe. Entry : 10346.75 Target : 10100 SL : 10640 RR : 0.84
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade. Entry : 4920.30 Target : 4650 SL : 5225 RR : 0.9
Nifty spot Bearish Divergence on 1 hr can look for tp of 18890-870 with risk reward ratio of 2.31 dc : only for educational and learning purpose
NSE:APOLLOTYRE is making a higher high whereas RSI is diverging by making a lower Highs. If taken a trade, In my opinion if RSI crosses below the support line one must exit the trade and take out profits
In NSE:APOLLOTYRE the stock was making Higher highs whereas RSI was making lower highs creating the divergence. The stock yesterday closed below the trendline and so did the Rsi. The target for the same will be the immediate support that is also the channel line of the stock. * It is my analysis and not a buy or sell recommendation.
As IndusInd Bank Is at Top , volume and rsi Is Constantly dreasing .Time For Short After It Breaks Its Range Short At Range Breakdown.
LT is at its trendline resistance and forming divergence also gave 2 bearish hammer candles so you can take a short entry as per your risk appetite. pls do follow me if u like my analysis.
Three different charts shows multiple confirmations of the bearish trend The D point of the previous Harmonic chart at the top side of the chart shows the reversal area and it respects. A new Harmonic chart is generated and the price moving towards another D point, lower side of the chart And finally a Bearish Head and Shoulder pattern formed. In addition to...
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and...
RSI did not make a new high when price made a new high ie. negative divergence
OANDA:XAUUSD showed resistance near channel Trendline along with a bearish divergence.
The stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up. 1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart....